ECA’s African Trade Policy Centre Programme Management Officer has urged African leaders to honour their commitment to allocate 10% of their budgets to agriculture to improve continent's food security, reduce poverty and spur economic growth.
GreenTec has announced its investment in Afrilife, a Tanzania-based producer of organic honey and bee products.
The United Nations Conference on Trade and Development (UNCTAD) and TradeMark East Africa (TMEA) have signed an MOU which is aimed at boosting trade in East Africa.
The African Development Bank has approved its first private sector investment in Sudan in a multi-currency loan equivalent to $75 million to DAL Group.
Cote d’Ivoire has unveiled a fleet of buses commissioned by the Société des Transports Abidjanais (SOTRA), supplied by IVECO and fuelled by compressed natural gas. ENGIE.
Eskom and the Agence Française de Développement (AFD) have signed a € 90 million loan agreement to support the electricity utility’s investments.
Angola has been admitted as an observer member of the Forum of Gas Exporting Countries.
South African government has launched a $140 million fund to help small business start-ups that are geared towards creating employment opportunities.
Emergent Technology Holdings LP, a global financial technology company has acquired Interpay Africa, a payments processor based in Ghana.
The public and private sectors have this week recorded heightened activities with partnerships, trade and capital markets dominating headlines.
Burundi, Kenya, Rwanda, the United Republic of Tanzania, and Uganda have agreed to make trade between them and with other countries cheaper, faster and simpler.
The African Export-Import Bank (Afreximbank) has signed an agreement with the Nigerian Export Promotion Council and, launching a $1-billion Nigeria-Africa Trade and Investment Promotion Programme.
Mauritania government has awarded Total two new exploration and production contracts for Blocks C15 and C31 deep offshore Mauritania.
EU commits €108 million to improve Niger’s social policies, good governance and access to electricity
The European Union is mobilizing an extra €108 million for social policies, security, good governance and access to electricity in Niger.
Gold mining company Roxgold Inc.has announced completion of the Bagassi South Project in Burkina Faso under budget and on schedule.
Lendable, Inc., a New York and Nairobi based technology-enabled funding provider to frontier market alternative lenders has announced expansion of credit model in Africa.
ACWA Power has announced collaboration with ECOHZ to empower local women and support communities in Morocco.
In East Africa, a group of vanguard youthful innovators are transforming the region into a tech powerhouse through modern innovations.
Weeks after launching direct flights to the United States, Kenya is streamlining its aviation sector further.
BTCCredit is set to disrupt the billion dollar lending industry with its innovative platform that aims to make peer-to-peer (P2P) crypto lending mainstream.
IFC is investing $1 million in Vezeeta, an Egyptian technology company that operates an online platform that allows patients to quickly find doctors.
Mondelēz International, Inc. is set to sell Kraft-branded Cheese Business in Africa and Middle East to Denmark dairy company Arla Foods.
South Africa has deposited the instrument of ratification of the Agreement establishing the Tripartite Free Trade Area.
Vubiquity, has announced a deal with Discover Digital to provide new international content in Africa starting with TelOne DEOD, Digital Entertainment On Demand, in Zimbabwe.
South Africa Minister for Trade and Industry Dr Rob Davies said that South African business people should consider the continent as an extremely important market, especially for trade in value added products.
Boeing has delivered the first 787-9 Dreamliner for Royal Air Maroc, introducing a second member of the super-efficient Dreamliner family to the airline's fleet.
In May this year, car maker Mahindra opened its first assembly facility in South Africa.
Rare earths exploration and development company focused on Malawi Mkango Resources Ltd., has announced that the Government of Malawi has granted a further two-year renewal.
Afreximbank, has signed financing facilities totaling $600 million with the Heirs Holdings Group.
Pan-African bank Ecobank has appointed MFS Africa as digital payment partner enabling cross-platform payment services for Ecobank account holders.
Actis, a growth markets investor, has announced their agreement to the sale of Compuscan, a provider of credit information and analytics services, to Experian.
The African Development Bank, as part of its Initiative to Support Access to Women in Africa (AFAWA), in partnership with Entreprenarium, has launched training sessions for 200 women entrepreneurs.
At least 3.5 million euros have been invested by the Alaturca Pedras Naturais plant, a company belonging to the Bongani Investment group, in the second line of cutting and polishing of ornamental rocks,
Fitch Ratings has downgraded Diamond Bank Plc's Long-Term Issuer Default Rating (IDR) to 'CCC' from 'B-' and Short-Term IDR to 'C' from 'B'.
Opportunities abound for Africa to engage in and benefit from e-commerce and the digital economy as the African Continental Free Trade Agreement comes into force.
IDOOH International has expanded to Africa through a partnership with Nigeria’s Abercairn Digital to deploy 1,000 in-vehicle media screens with ride-hail drivers in Lagos.
The EU has announced new funding totaling €125 million for the Sahel countries.
A new report by EIA documents how the sale of 180,000 rosewood logs in Guinea-Bissau is fueled by high-level corruption, encourages illegal logging, and threatens local communities.
Kenya is set to become the first country in the world to adopt TIACA’s new Cargo Service Quality (CSQ) tool nationwide.
Ethiopian Airlines has inaugurated flights to Manchester, its second destination in the UK next to London.
Early signs suggest that the US-China rivalry will find its way to the African continent in 2019.
According to a report released by Stanbic Kenya PMI, operating conditions in Kenya’s private sector economy improved solidly in November, although the rates of growth in output and new orders were marginally below those seen in October.
Special Ice, a manufacturing company in the beverage industry in Ghana, has chosen REDAVIA, to establish its first solar farm in Ghana.
Although e-commerce is snowballing in Africa, with more than 21 million Africans shop online, countries are at very different stages of development.
President Uhuru Kenyatta has affirmed Kenya’s commitment to improving the civil aviation infrastructure.
Mastercard and DPO Group have partnered to enable more than 40,000 African merchants to accept Mastercard payment.
[South Africa] Ernst & Young partners with Motlanalo Chartered Accountants and Auditors to grow skills
Assurance, tax, transaction and advisory services company Ernst & Young has announced a partnership with with South Africa’s Motlanalo Chartered Accountants and Auditors Incorporated.
The European Union is stepping up cooperation with Mali and the implementation of structural reforms to improve security, governance and access to basic services in the country.
IFC has announced a $6 million equity investment in Kobo360 Inc, a tech-enabled e-logistics platform that connects the supply of trucks with the demand for transportation services by cargo owners in Nigeria.
CBRE Group, Inc and Excellerate Property Services have partnered to meet the growing demand for high-quality real estate services in Africa.
The Executive Board of the International Monetary Fund (IMF) has approved a $3.7 billion facility to support Angola’s economic reform program.
A new report has highlighted the impact of a project implemented by the United Nations Industrial Development Organization.
The North Africa mobile phone market, comprising Egypt, Tunisia, Algeria, and Morocco, saw year-on-year shipment growth of 11.5% in the third quarter of 2018.
Seraphim Solar System Co. Ltd has announced the inauguration of a new 500 MW solar cell factory in the Coega Industrial Development Zone of Port Elizabeth, South Africa.
Dutch based logistics company Mammoet is expanding its footprint in Africa with the opening of a new office in Accra, Ghana.
Over 30,800 vulnerable rural households in Uganda will benefit from a $210.4 million project that aims to sustainably increase rural livelihoods by supporting an efficient oil palm industry.
South Africa continues to be the continent’s preferred destination for international investors due to its competitive market, favorable political climate, a booming middle class and strategic location.
Addis International Bank, WorldRemit target 2 million Ethiopians in diaspora with money transfer service
Global digital money transfer service WorldRemit has joined forces with Addis International Bank for digital money transfers.
During a trip to Dakar, Societe Generale group confirmed the solid growth of its African operations, in line with its “Transform to Grow” strategic plan.
The International Fund for Agricultural Development (IFAD) will support the Angolan Government in the implementation of the ARP, with a $ 7.6 million financing.
Pay-as-you-go solar pioneer Azuri and consumer goods company Unilever have launched an e-voucher system designed to help off-grid rural consumers in Kenya access consumer goods and services via pay-as-you-go solar.
The South African government has launched a special economic zone in Atlantis to attract large-scale investment.
IFC and Egypt’s Ministry of Investment and International Cooperation have selected over 100 high-potential start-ups to participate in a new initiative designed to spur innovation in Africa.
Boehringer Ingelheim has launched the ‘LastMile’ initiative, an integrated, solutions-driven programme that seeks to address crucial animal health challenges.
Even with mounting fears that rapid automation could reduce the number of jobs in the Kenya’s manufacturing sector, a new report posits that digital technologies can, in fact, boost job creation.
The fifth edition of the African Governance Report has examined efforts made to improve the governance of Africa’s abundant natural resources.
The US and Republic of Congo have signed a new open skies air transport agreement which seeks to strengthen the civil aviation partnership between the two countries.
The Secretary General of the EAC, Amb. Liberat Mfumukeko has held bilateral talks with a French government delegation.
A $15 billion deal has been announced between Israel and Egypt to export natural gas.
The Technical University of Munich in collaboration with African research and academic institutions has launched an Africa initiative.
Female sapphire miners in Madagascar are among the nation’s hardest workers and poorest people, but their future is looking brighter, thanks to University of Queensland research.
South Africa Deputy Minister for Trade and Industry has received the assurance of the Tunisian business people that they are keen and committed to the establishment of the joint South Africa-Tunisia Business Council.
The World Bank has announced a new US$1 billion program to support the second generation of Egypt’s reform program.
The Government of Nigeria and private sector investors are set to receive support that will help boost key industries such as the banking sector.
The OPEC Fund for International Development, OFID, has announced it is contributing $50 million to support Egypt’s purchase of crude oil, petroleum products and liquefied natural gas.
Central African Republic has formalized its membership of the African Export-Import Bank, Afreximbank.
AC Hotels by Marriott, European-inspired lifestyle brand, has opened AC Hotel Cape Town Waterfront marking the debut of the brand in Middle East and Africa.
South African parliament has ratified the agreement establishing the African Continental Free Trade Area.
Africa50, the pan-African infrastructure investment platform, has acquired 15 per cent of the equity stake in the Nachtigal Hydro Power Company.
Forty kilometers from the capital, Dakar, a new industrial park has opened.
Working with Big Win Philanthropy and Aliko Dangote Foundation, the African Development Bank has unveiled a new Multi-Sectoral Nutrition Action Plan.
Panalpina continues to expand and invest in Kenya, doubling its cold storage space at Nairobi’s Jomo Kenyatta International Airport.
Bolloré Logistics has opened a new logistics hub in Lastourville, Gabon.
Middle East,Turkey and Africa personal computing devices market to decline to lowest levels since 2009, study
The Middle East, Turkey and Africa (META) personal computing devices (PCD) market, which is made up of desktops, notebooks, workstations, and tablets, will slump to its lowest levels in a decade next year.
Elanco Animal Health and Farm Radio International have partnered to produce a 13-week series of radio programs to educate small-scale livestock farmers in North Tanzania.
Johannesburg has emerged as the most popular destination city in Africa for the fifth consecutive year, according to the annual Mastercard Global Destination Cities Index.
A.M. Best has affirmed the Financial Strength Rating of B+, Good, and the Long-Term Issuer Credit Rating of “bbb-” of Continental Reinsurance Plc Nigeria.
Gold mining multinational Acacia Mining has signed a binding conditional agreement with its partner, Sarama Resources Ltd., to terminate the earn-in agreement for the South Houndé Project in south-western Burkina Faso.
Vantage Capital, Africa’s largest mezzanine fund manager, has announced that it has provided €19 million of mezzanine funding to Pétro Ivoire, a leading distributor of oil & gas products in Côte d’Ivoire.
Domino's Pizza is continuing its global growth momentum with the opening of its first store in Port Louis, Mauritius.
Frost & Sullivan has co-organized with Moroccan Pharmaceutical Industry Association, AMIP, to host its very first Healthcare Meeting.
JinkoSolar Holding Co., Ltd has announced that it supplied 55.7MW of high-efficiency modules to the Garissa Solar Power Plant.
AfDB and Africa Growing Together Fund to provide $200 Million support for Nigeria Electrification Project
The Board of Directors of the African Development Bank Group has approved a $150 million sovereign loan to the Federal Government of Nigeria to finance the Nigeria Electrification Project.
The online investment guide (iGuide) to Mauritania has been launched in the presence of the media and representatives of the public and private sector.
The World Federation of Exchanges and African Securities Exchanges Association sign deal to improve continent’s capital market
The World Federation of Exchanges, WFE, the global industry group for exchanges and CCPs, has signed a memorandum of understanding (MOU) with the African Securities Exchanges Association, ASEA.
The U.S. Trade and Development Agency has awarded a grant to Golomoti JCM Solar Corporation (JCM), a Malawi-registered special purpose vehicle owned by JCM Power.
The Government of Norway has announced its contribution to the Farm to Market Alliance, a global private-sector led initiative with the aim to make markets work better for smallholder farmers.
Central Bank of Nigeria Governor Mr Godwin Emefiele has reassured foreign investors that Nigeria is open for business, and their investments in the country will be protected.
The African Export-Import Bank has signed in Moscow a memorandum of understanding with Russian Railways and the Russian Export Center.
Kenya has this week successfully hosted the first global conference on blue economy that brought together over 16,000 delegates.